No change to current capitol gains tax. 0% on home sales up to $500,000 per home (couples). Other capitol gains remain the same.

OBAMA

Up to a 28% capitol gains tax. How does this affect you? Any capitol gain, outside of the same exemption on an initial home sale, will see an increased tax of up to 28% rate if Obama gets his way.

DIVIDEND TAX

MCCAIN

15% (no change)

OBAMA

39.6% - How will this affect you? If you have any money invested in stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will now be paying nearly 40% of the money earned on taxes if Obama becomes president.

McCain seeks to lower the inheritance tax on any inheritance over the exclusion. ($2,000,000 in 2008 and 3,500,000 in 2009)

OBAMA

Obama seeks to raise the inheritance tax on any amount over the exclusion, and may seek to roll back the exclusions to pre-Bush tax cut figures.

NEW TAXES PROPOSED BY OBAMA

Higher gasoline taxes (as if gas weren't high enough already) New taxes on natural resources consumption (heating gas, water, electricity) New taxes on retirement accounts, and last but not least....undoubtedly new taxes to pay for socialized medicine so we can receive the same level of medical care as other third-world countries!!!